Vol. 5 Num 744 Sat. July 01, 2006    
 
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Business
 
DSE plans roadshows abroad to woo NRBs
The country's premier bourse plans to organise a series of roadshows abroad to woo non-resident Bangladeshis (NRBs) into the capital market.
 
Coal import from India thru' Sylhet border stops today
Import of coal from India through all border points of Sylhet will be stopped from today at the directive of the government for non-availability of coal with approved sulphur content.
 
Ericsson wins transmission deals from Telenor
Norwegian state-owned telecoms service provider Telenor has engaged Ericsson for a two-year global frame agreement to supply microwave transmission solutions covering all its majority-owned subsidiaries
 
Indian market surges 4pc on optimism over US rates
Indian shares prices rose by as much as four percent in early trade Friday along with firmer Asian markets after the US Federal Reserve signaled it may pause in its rate hiking cycle, dealers said.
 
US gives Japan high marks on economic reforms
The United States on Thursday gave Japan high marks for progress in economic reforms but called for more effort as the leaders of the world's two biggest economies met in a final Washington summit.
 
China electricity prices up
China on Friday raised retail electricity prices for the first time in over a year to offset increased costs, the government's economic planning body said.
 
HSBC plans to acquire Pak bank
The Hongkong and Shanghai Banking Corporation (HSBC) has decided to expand its operation in Pakistan and started negotiation to acquire Pakistani Prime Commercial Bank (PCB), a Pakistani newspaper reported
 
India's Videocon inks oil deal with Oman
A consortium led by India's Videocon Industries has signed USD 340 million worth exploration and production sharing agreements (EPSA) with Oman, seeking to enhance overseas oil reserves that can be earmarked
 
Lanka eyes 8pc growth
Sri Lanka's central bank forecast Friday the economy would grow by eight percent this year, up from six percent in 2005, despite high oil prices and fears of a return to a bloody civil war.
 
Dubai group to buy 40pc stake in Malaysia's Bank Islam
The Dubai Investment Group will acquire a 40 percent stake worth some one billion ringgit (277 million dollars) in Bank Islam Malaysia Bhd, officials said Friday.
 
Citibank NA workshop on Islamic banking products
Citibank NA Bangladesh organised a workshop on 'Islamic Banking Products' on Wednesday.
 
China lifts ban on US beef
China has lifted a ban on imports of selected cuts of US beef that was put in place in 2003 after an outbreak of mad cow disease in the United States, the agriculture ministry said Friday.
 
Thailand proposes oil joint ventures with Russia
Thailand has proposed setting up oil joint ventures with Russia in a deal that could turn the country into an energy hub in Southeast Asia, Prime Minister Thaksin Shinawatra said Friday.
 
Volvo Cars to invest in hybrid technology
Volvo Cars, a subsidiary of the Ford Motor Company, said on Friday it would invest 10 billion kronor (1.4 billion dollars, 1.
 
US refuses to give in to pressure from EU, developing nations
The United States refused to budge Friday despite pressure from the European Union and key developing economies to put more on the table and help salvage the World Trade Organisation's struggling Doha
 
NZ to welcome more immigrants
More new migrants will be welcomed under the New Zealand Residence programme during the next 12 months in response to continued skill shortages, Immigration Minister David Cunliffe announced Friday.
 
In Tech Online approves 15pc bonus share
In Tech Online Ltd, an internet solutions company, has approved a 15 per cent bonus share for the year 2005.
 
Eastland Insurance okays 30pc dividend
Eastland Insurance Company Ltd has declared a 10 per cent cash dividend and a 20 per cent stock dividend for the year 2005.
 
Karnaphuli Ins okays 12pc stock dividend
Karnaphuli Insurance Company Ltd has declared a 12 per cent stock dividend for the year 2005.
 
Green Delta Ins declares 40pc bonus share
Green Delta Insurance Company Ltd has declared a 40 per cent bonus share for its shareholders for the year 2005.
 

 
   
 
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